Thought leadership report
LCP's eleventh analysis of defined benefit pension scheme finances in Ireland’s largest publicly quoted and State-controlled companies shows that pension scheme deficits for the companies analysed fell by 50% over 2018 to €1.1bn in December 2018.
However, the analysis also points to an almost 300% rise in deficits over the first three quarters of 2019, with pension scheme deficits in the companies analysed rising to an estimated €3.0bn at September 2019 highlighting the risks and volatility remaining in the funding positions of Irish pension schemes.
LCP continues to monitor the situation in relation to the Coronavirus and its potential impact on our business, staff and clients. The welfare and safety of our own people, clients and contacts is of paramount importance to us, as is providing continuity of service with the minimum of disruption.